Commercial Ecosystem Valuation Summary
Bank-Safe ⢠ODIN-Governed ⢠Institution-Grade
Scope & Valuation Basis
Scope: ODIN-Governed Brands, Businesses & Commercial Ecosystems
Valuation Basis: Enterprise Value (EV) with Scaled Potential (5â10 Years)
Methodology: Replacement cost, comparable platforms, licensing capacity, and execution readiness
Exclusions: Non-commercial governance, spiritual, or constitutional systems

Executive Snapshot
| Metric | Value |
|---|---|
| Near-Term Enterprise Value | $385.4M â $1.0433B |
| Scaled Potential (5-10 yrs) | $9.399B â $28.213B | Commercial Asset Classes | Platforms, Media IP, Games, Apparel, World-Based Commerce |
| Execution Status | Active platforms, live SKUs, license-deliverable assets |
| Double Counting | Explicitly excluded |
Platform Businesses & Core Systems
EV: $199M â $605M
Scaled: $5.85B â $17.7B
- Marketplaces
- Financial instruments & certificates
- Digital products & education
- Media distribution systems

Media, Story & Content IP Systems
EV: $67M â $205M
Scaled: $2.695B â $8.225B
- Story universes
- Media studios
- Interactive platform roll-ups (non-SKU)
- Audio, posters, companion IP
Individual games excluded to prevent overlap.

Apparel, DTC & Brand Portfolio
EV: $29.55M â $76.65M
Scaled: $658.55M â $1.96865B
- Core apparel platforms
- 26 independently addressable sub-brands
- Clean roll-up with no duplication

World-Based Commerce Systems
EV: $83.8M â $155.6M
Scaled: $169.8M â $318.8M
- Planetary retail worlds
- Canon-locked, commercially deployable environments
- No narrative value inflation

Games (SKU-Level Commercial IP)
EV: $6.05M
Scaled: $26.7M
- 10 individual game IP assets
- 2 game bundles
- SKU-mapped, licensed, transaction-ready
Platform valuation excluded to prevent overlap.

Consolidated Totals (Non-Overlapping)
Valuation Integrity Controls
- Platforms and underlying assets not double-counted
- SKU-level products separated from roll-ups
- Commercial execution potential only
- Governance, spiritual, constitutional assets excluded
- Assets licensable, sellable, or excludable independently
Institution-Grade by Design
Execution-backed assets ⢠Conservative valuation ⢠Auditable logic
Financing, sale, or securitization ready
Consolidated Totals (Non-Overlapping)
| Category | Near-Term EV | Scaled Potential |
|---|---|---|
| Platforms & Core Systems | $199M â $605M | $5.85B â $17.7B |
| $6.05M |

